Confesercenti against severance pay in the envelope. “Only 18% of employees want it ‘” – AGI – Agenzia Journalism Italy

Confesercenti against severance pay in the envelope. "Only 18% of employees want it '" – AGI – Agenzia Journalism Italy

November 1, 2014 09:01

(AGI) – Rome, November 1 – Only 18% of private sector employees Italians will choose ‘to have the severance pay in payroll, compared to 67% who instead continue’ to accumulate leave his severance indemnities in the company where he works. And ‘what emerges from a survey conducted on the TFR private employees and entrepreneurs by Confesercenti in collaboration with SWG. For Confesercenti, it is “a sign that shows, even in the recession, the relationship of trust between employees and their companies. Another 15% of employees, however, has not decided yet.”
Not only that, but the income tax revenue resulting from the tax will be ’1 billion, 1.5 billion less than projected by the government in the law established’. According to the survey, “64% of the entrepreneurs concerned that if all or most of the employees chose to have the severance pay on a monthly basis, the company would have difficulty ‘with the liquidity’ available, compared to 36% who however, would have no problems. The obstacles seem to arise from impendimenti that businesses face in accessing grants and loans from the banking channel, reported by 66% of entrepreneurs. “
The results of the investigation also shows that they have already ‘ chosen to take advantage of the opportunity ‘introduced by law established’ especially people aged ‘between 35 and 44 years (21%), followed by people aged between 18 and 24 (19%).
let Him in the company, however, especially those more ‘close to the end of the employment relationship: do not touch mainly those between 55 and 64 years (72%) and between 45 and 54 (70%). Among the workers who intend to apply for severance pay on a monthly basis, and the majority ‘still uncertain about how to use the liquidity’ more ‘(44%). The remaining, instead, the invest especially for alternative forms of savings (17%). The 16% wants to invest in pensions, while 13% report that will use ‘TFR paycheck to pay off debts and payments. The percentage rises to 36% among young people between 18 and 24 years. The invest ‘in buying only 10%. If in 2015 the indications given by the respondents should remain unchanged, the Office of Economic Confesercenti estimates a modest stimulative effect on spending, with an increase at the end of 2015, 380 million, or 0.1% of consumption on the market. The small number of people who opt for severance pay in payroll, also could pose a problem for public finances. The severance pay in payroll, in fact, ‘subject to ordinary taxation, and not reduced as when taken at the end of his career.
Based on data from the survey, it is also estimated that the income tax revenue generated from the increased tax would 1 billion, about 1.5 billion less than expected from the technical report to the Law of Stability ‘.
According to the decision of the government, the number of employees who will opt for severance pay in payroll and’ much more ‘ high: 40% of workers in firms with up to 10 employees, 50% of those between 10 and 50 employees, 60% in those even larger. In general, the TFR remains accumulate leave for Italians a strategy to protect the future: 54% think that the settlement serves as a form of financial savings, 29% to supplement retirement, 12% as a fund for medical expenses or support for old age. Only 5% believe that the TFR can be used to buy a house for himself ‘or for their families. (AGI).